Clearone Inc key statistics and ratios
In fiscal 2024, Clearone Inc had return on equity of -27.2%, debt equal to 0.0% of equity and a current ratio of 5.29. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 59.7% | 59.8% | 58.9% | 60.2% | 61.0% | 63.5% | 60.6% | 57.4% | 47.5% | 44.7% | 43.2% | 41.1% | 37.5% | 34.0% | — | — | — |
| Operating margin | 4.4% | 22.9% | 91.6% | 15.4% | 13.8% | 17.8% | 7.3% | −38.7% | −36.7% | −34.2% | −19.2% | −25.9% | −28.7% | −36.2% | — | — | — |
| Net margin | 5.8% | 15.0% | 57.4% | 10.4% | 9.7% | 11.7% | 5.0% | −33.9% | −59.3% | −33.6% | 1.7% | −26.6% | 81.6% | −3.0% | — | — | — |
| Free-cash-flow margin | 12.6% | 11.8% | 93.4% | −22.2% | 10.5% | 12.5% | 14.6% | −23.7% | −24.7% | −19.4% | −4.4% | −15.9% | −16.8% | 290.1% | — | — | — |
| Return on equity | 7.5% | 19.4% | 50.1% | 7.6% | 7.6% | 8.5% | 3.1% | −21.1% | −30.7% | −17.4% | 1.1% | −15.2% | 32.7% | −0.9% | −27.2% | — | — |
| Return on assets | 5.4% | 14.8% | 37.7% | 6.0% | 6.6% | 7.4% | 2.7% | −18.2% | −26.3% | −14.7% | 0.9% | −12.0% | 27.4% | −0.8% | −23.3% | −180.9% | <−999% |
| Asset turnover | 0.94 | 0.98 | 0.66 | 0.57 | 0.68 | 0.63 | 0.54 | 0.54 | 0.44 | 0.44 | 0.50 | 0.45 | 0.34 | 0.28 | — | — | — |
| Current ratio | 3.02 | 4.73 | 3.47 | 5.56 | 3.81 | 4.80 | 4.31 | 3.20 | 5.72 | 4.03 | 4.13 | 2.57 | 9.54 | 10.16 | 5.29 | 1.14 | 1.05 |
| Debt to equity | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 6.7% | 7.9% | 9.7% | 5.0% | 0.0% | 0.0% | — | — |
| Interest cover (operating income ÷ interest) | — | — | — | — | — | — | — | — | — | n/m | n/m | n/m | n/m | n/m | — | — | — |
| Effective tax rate | −40.2% | −34.6% | −37.4% | 33.3% | 32.0% | 35.8% | 37.0% | — | — | — | — | — | 25.1% | — | — | — | — |
| R&D as % of revenue | −18.7% | 15.5% | 17.8% | 15.2% | 15.5% | 14.4% | 17.6% | 22.3% | 27.8% | 23.1% | 19.0% | 20.0% | 17.4% | 19.6% | — | — | — |
| Capital spending as % of revenue | −1.9% | 0.8% | 1.2% | 2.1% | 1.1% | 0.6% | 1.5% | 1.5% | 1.2% | 0.8% | 1.0% | 0.8% | 0.2% | 2.0% | — | — | — |
| Free cash flow ÷ net income | 218.4% | 78.2% | 162.7% | −212.2% | 108.4% | 106.8% | 290.7% | — | — | — | −250.7% | — | −20.6% | — | — | — | — |
| Dividends ÷ net income | — | — | — | 0.0% | 16.3% | 20.9% | 74.3% | — | — | — | — | — | 0.0% | — | — | — | — |
| Dividends and buybacks ÷ free cash flow | — | 0.0% | 0.9% | — | 57.9% | 19.6% | 111.2% | — | — | — | — | — | — | 53.4% | — | — | — |
Moat
Weak moat
How hard Clearone's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
- Returns on capital 0 / 20
Cash operating profit has been a median 2.1% of total assets over 10 years.
- Pricing power 7 / 20
Gross margin has been a median 43.0%, moving by 19.1 percentage points (standard deviation) across 10 years.
- Durability 10 / 20
Operating margin has been a median -33.5%; its worst year was -183.6%.
- Cash conversion 3 / 20
Free cash flow was positive in 3 of 10 years, at a median -15.8% of revenue.
- Discipline 10 / 20
The diluted share count rose 105.2% over five years; stock-based pay has been a median 1.0% of revenue.
AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (30 before it).
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